Economist

Richard Iley

Macroeconomics

<div class="content-highlight"><p><strong>As expected, the ISM manufacturing report for September was an absolute blockbuster. At 60.8, the headline index equalled its second-highest reading since 1987! Strength was across the board. The highest supplier delivery times balance since 2004, combined with customer inventories still at rock bottom levels, underscores that surging demand is surprising producers and seeing finished goods inventories drawn down. Although the headline index has now probably peaked, the need to re-stock should</strong>…</p></div>

As expected, the ISM manufacturing report for September was an absolute blockbuster. At 60.8, the headline index equalled its second-highest reading since 1987! Strength was across the board. The highest supplier delivery times balance since 2004, combined with customer inventories still at rock bottom levels, underscores that surging demand is surprising producers and seeing finished goods inventories drawn down. Although the headline index has now probably peaked, the need to re-stock should…

US: Manufacturing Boom! - Part III